Asset management ensures assets are available, in working condition, last long, and offer the best returns. Fulfilling those objectives requires companies to track assets successfully. Asset tracking reveals crucial information like location, depreciation, health, etc. There are many ways to keep tabs on company assets, and the best solution is an asset-tracking software system.

If you’re not using an asset-tracking application, you’re probably relying on spreadsheets and paper-based tools. Not only are they prone to causing errors in the inspection and asset data entry processes, but they are incredibly time-consuming. Real-time visibility of asset movements and processes supersedes delays in gathering asset information. And that is possible with a dedicated asset tracking solution.

Spending a lot of time knowing the whereabouts and conditions of your assets leads to asset management inefficiencies. On the bright side, you can significantly reduce the time it takes to track assets. We discuss how you can save valuable time using asset-tracking software. Let’s get started.

What is asset tracking software?

Asset tracking software is a dedicated application for managing the lifecycle of assets, from acquisition until disposal. It has numerous cutting-edge modules to simplify overseeing resources on a daily basis. Users of the application have access to areas of the application depending on their roles. For example, a super admin has access to all areas of the software. Whereas maintenance personnel can only view and modify the maintenance modules of the application.

Asset tracking software is the modern replacement for manual tools like spreadsheets. And it can handle any asset, be it furniture, IT equipment, healthcare machinery, vehicles, or any other. The benefits of asset management software are plenty, and one of the prime benefits is time-saving.

How asset tracking software saves time

So how does asset tracking software help save valuable time? We find out.

1. Streamline asset tracking operations

Asset tracking software is an all-in-one management system. That means inventory, maintenance, asset transfer, and disposal tracking are all built into a single location. The software streamlines asset-tracking activities, giving you centralized control of operations. Any asset tracking and management decision you make is just a click away.

2. Real-time inventory data

Manually gathering information on assets is cumbersome. Asset tracking solutions eliminate tracking hassles by integrating with cutting-edge technology. Barcode scanners connect with the software to reveal asset information during movements instantly. Similarly, NFC and RFID tags integrate with the application to reveal asset locations and quantities in real time.

3. Manage asset acquisitions and transfers

Every once in a while, you may find yourself receiving requests from your employees for new asset acquisitions or allocations. Discrepancies in accepting or declining requests can stall efficient asset dispersals and overall company operations. Asset tracking software offers a system for employees to raise asset requests. And users with custody of the assets can choose to accept or decline requests.

4. Timely maintenance

Frequently looking up maintenance schedules or accidentally skipping asset servicing takes up a lot of time and leads to potential unprecedented asset breakdowns. Proactive maintenance is crucial to avoid serious asset problems.  Asset tracking software keeps up asset health by allowing you to create maintenance schedules. Reminders and alerts back those schedules.

5. Asset insights

Asset tracking and management is an ever-evolving process. To improve and optimize your asset management operations, you must analyze historical data regarding asset movements, maintenance, acquisition, maintenance, depreciation, etc. Instead of analyzing those parameters manually, you can use asset tracking software. It crawls through past data and generates comprehensive, insightful asset reports.

Summing up

Regardless of what assets you govern, old-fashioned asset-tracking methods don’t give you the edge to boost your business prospects. You can change that narrative with SmartAMS – the leading real-time asset tracking system. It is user-friendly, feature-loaded, secure, and cloud-based. Save time tracking assets and focus on higher-value tasks. Reach out to us to learn more.